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You liked the script? Try it in the MetaTrader 5 terminal
- Views:
- 45112
- Rating:
- Published:
- 2018.05.02 17:50
- Updated:
- 2018.05.04 17:37
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5/4/2018 update:
- Fixed an error in calculating S/R points by Fibo.
- Fixed a bug in drawing objects.
This indicator uses two ways to calculate R1/R2/R3/S1/S2/S3: normal formula and Fibonacci, and users can choose one from them.
Main parameters
- PivotMode:
- Normal: use normal formula to calculate S and R.
- Fibonacci: use Fibonacci to calculate S and R.
- CurrentHourOnly: only calculate lastet hourly PP if true.

This indicator is based on original RSI, but more features are added to general signals and watch the strength of the price movement. The main purpose is to general buy/sell signals using smoothed RSI and its MA.

This is my version of Zone Recovery Hedging Strategy Ea with two moving averages. It works on any time frame, you should try it on demo account.

This Martingale EA trades with one moving average, it is considered relatively safe because it takes a single trade at a time.

EA is run say once every minute and writes the status of IsConnected, spread, stop and freeze level to a file.